Unformatted text preview: d. Investments can be reported at cost, lcm, or fair value. a. Resources restricted for time are recognized as contribution revenue (temporarily restricted net asset) when the pledge is r e b. Contributions with a condition require that some event takes place before revenue can be recognized. Contributions with a r e c. Contributed services can be recognized as revenue either when the services create or enhance nonfinancial assets or whe n d. Multiyear pledges are recorded in the temporarily restricted class of net assets in the year that the pledge is made. The initi a...
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This note was uploaded on 08/14/2011 for the course ACC 380 taught by Professor Any during the Spring '11 term at Ashford University.
- Spring '11